Floor Brokerage

NameFloorBrokerage
Namespacehttp://fasb.org/us-gaap/2020-01-31
Prefixus-gaap
Data typexbrli:monetaryItemType
Period typeduration
Substitution Groupxbrli:item
Balancedebit
NillableTrue
AbstractFalse

Labels

TextLangRoleContainer role
Floor Brokerageen-UShttp://www.xbrl.org/2003/role/labelhttp://www.xbrl.org/2003/role/link
Broker-dealers often use other brokers to execute trades on their behalf. The trading broker-dealer becomes a customer of the executing broker-dealer and pays a floor brokerage fee. Such fees are paid periodically either directly to the executing broker-dealer or through a clearing house.en-UShttp://www.xbrl.org/2003/role/documentationhttp://www.xbrl.org/2003/role/link